BlackRock Future Financial and Technology ETF (BPAY) Performance
BPAY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −8.5% since Dec 31, 2025
- 1 year
- −17.1% total return
- 3 years
- +11.7% a year
- Since first price
- +2.3% a year since 2022
BPAY trailing returns vs SPY, QQQ, AGG
| Period | BPAY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.9% | −1.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.1% | −4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.9% | +1.3% | +7.8% | +8.4% | −1.5% |
| YTD | −8.5% | −9.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −17.1% | −22.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +39.3%+11.7%/yr | +28.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 18, 2022 | +10.2%+2.3%/yr | +1.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BPAY vs SPY
From Aug 18, 2022: BPAY grew to $11,020, SPY to $18,783.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BPAY returns by calendar year
3 of 3 full years positive. Best 2024 (+17.3%), worst 2025 (+8.5%). 2026 is year to date.
BPAY annual returns table
| Year | BPAY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −8.5% | −24.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.5% | −25.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.3% | −11.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.2% | −24.2% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BPAY largest drawdowns
Now 22.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 25, 2025 | −33.6% | Mar 27, 2026 | not yet | 8 months | 1.2 years so far |
| Aug 18, 2022 | −26.2% | Mar 24, 2023 | Mar 12, 2024 | 7 months | 1.6 years |
| Feb 18, 2025 | −25.4% | Apr 8, 2025 | Jun 6, 2025 | 49 days | 4 months |
| Mar 28, 2024 | −11.0% | Aug 5, 2024 | Aug 19, 2024 | 4 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BPAY risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +9.8% | +4.0% |
| Volatility (annualized) | 23.8% | 24.7% |
| Sharpe ratio | 0.32 | 0.10 |
| Sortino ratio | 0.54 | 0.16 |
| Best month | +17.7% | +17.7% |
| Worst month | −10.1% | −13.2% |
| Best 12 months | +39.7% | +39.7% |
| Worst 12 months | −18.3% | −18.3% |
| Positive months | 56% | 53% |
| Beta vs S&P 500 | 1.46 | — |
| Correlation with S&P 500 | 0.76 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BPAY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 39 | −18.3% | +9.3% | +39.7% | 62% |
| 3-year (a year) | 15 | +5.5% | +10.6% | +16.6% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
BPAY performance overview
BlackRock Future Financial and Technology ETF (BPAY) returned −17.1% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +2.3% a year, turning $10,000 into about $11,020. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.6%, from Jul 25, 2025 to Mar 27, 2026; the fund has not yet regained that high. BPAY finished 3 of its 3 full calendar years with a gain; the best year was 2024 (+17.3%) and the worst 2025 (+8.5%). Volatility has been 24.7% a year.
Related: BPAY chart, BPAY holdings, BPAY dividends, BPAY valuation. See the BPAY overview for the latest quote and fund facts.
BPAY performance FAQ
What is the BPAY return over the past year?
BPAY returned −17.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 22.4%.
How much would $10,000 invested in BPAY be worth?
$10,000 invested in BPAY at its first recorded close on August 18, 2022 would be worth about $11,020 on October 23, 2026 with distributions reinvested.
What was the worst year for BPAY?
The worst calendar year was 2025, with a total return of +8.5%. The best was 2024 at +17.3%.
What is the biggest drawdown of BPAY?
The largest peak-to-trough decline was −33.6% between July 25, 2025 and March 27, 2026. It has not yet recovered to that high; it is 22.7% below its peak.
How volatile is BPAY?
Over the past 3 years BPAY had an annualized volatility of 23.8% and a Sharpe ratio of 0.32 (excess return over 1–3 month T-bills per unit of risk).